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Coal India CBM roadmap hinges on techno-feasibility report

Press Trust of India  |  Kolkata 

The Bed (CBM) project roadmap for India Ltd will be based on a detailed techno-feasibility study, and the process for hiring consultants is expected to commence soon, a top of the has said.

"A broad study is being done by Central Mine Planning and (CMPDI). Expert consultants will be engaged through a global tender for a detailed techno-feasibility study.

"Based on the reports, both CMPDI and India will have a more clear idea on the most feasible business model for exploration, production and marketing," Coal India (Technical) told

He expressed satisfaction on the Cabinet nod for exploration and exploitation of from areas under Coal Lease allotted to Coal India.

Based on CMPDI's guidance, the behemoth is planning to go ahead with the Jharia coalfields (Jharkhand) under its subsidiary Bharat Coking Coal Ltd, initially out of the two blocks it had been offered on a nomination basis.

According to estimates, Rs 3,000 crore investment would be required for the development of the field.

The Raniganj block is owned by Eastern Coalfields, another CIL subsidiary.

The Jharia block is estimated to hold reserves of 25 billion cubic metres and the Raniganj block around 3 billion cubic metres of

The government had earlier said that domestic could be used as feedstock for producing urea and other chemicals, which can help restrict the country's import bill by USD 10 billion in five years and reduce carbon emission.

is a form of trapped in coal seams underground, and is usually extracted by drilling the seam.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, April 15 2018. 12:05 IST